How a Gang of Hedge Funders Strip-Mined Kentucky’s Public Pensions – Gary Rivlin

Spread the love

1.jpg

Kentucky’s willingness to gamble massively on high-risk alternative investments for its pensions has made the state an easy mark for Wall Street hucksters. In April 2008, a longtime investment adviser named Chris Tobe was appointed to the board of trustees that oversees the Kentucky Retirement Systems, the pension fund that provides for the state’s firefighters, police, and other government employees. Within a year, his fellow trustees named Tobe to the six-person committee that oversees its investments……

Read more: https://theintercept.com/2018/10/21/kentucky-pensions-crisis-hedge-funds/

 

 

 

Your kindly Donations would be so effective in order to fulfill our future research and endeavors – Thank you

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.